# Fiscal Interactions: Z x Fiscal Balance -> Savings

| Model | Dep Var | N | Countries | R2 |
|---|---|---|---|---|
| savings x fiscal | gross_national_savings_gdp | 4,028 | 157 | 0.222 |
| private saving x fiscal | private_saving_gdp | 4,028 | 157 | 0.123 |

## Key Coefficients

| Model | Variable | Coef | SE | p-value | Sig |
|---|---|---|---|---|---|
| savings x fiscal | Z_1 | 76.2387 | 15.8378 | 0.0000 | *** |
| savings x fiscal | Z_2 | -9.3503 | 2.3565 | 0.0001 | *** |
| savings x fiscal | Z_3 | 0.3206 | 0.0952 | 0.0008 | *** |
| savings x fiscal | Z_1_x_fiscal | -0.2559 | 1.0750 | 0.8119 |  |
| savings x fiscal | Z_2_x_fiscal | 0.0764 | 0.1625 | 0.6382 |  |
| savings x fiscal | Z_3_x_fiscal | -0.0044 | 0.0066 | 0.5030 |  |
| savings x fiscal | fiscal_bal_gdp | 0.1774 | 0.0546 | 0.0012 | *** |
| private saving x fiscal | Z_1 | 69.6495 | 15.8656 | 0.0000 | *** |
| private saving x fiscal | Z_2 | -8.4544 | 2.3606 | 0.0003 | *** |
| private saving x fiscal | Z_3 | 0.2873 | 0.0954 | 0.0026 | *** |
| private saving x fiscal | Z_1_x_fiscal | -0.1135 | 1.0751 | 0.9160 |  |
| private saving x fiscal | Z_2_x_fiscal | 0.0586 | 0.1626 | 0.7186 |  |
| private saving x fiscal | Z_3_x_fiscal | -0.0037 | 0.0066 | 0.5749 |  |
| private saving x fiscal | fiscal_bal_gdp | -0.8394 | 0.0546 | 0.0000 | *** |

*Z x fiscal balance interactions: does fiscal stance moderate savings response?*